Liang Tan Yi Xing International Foundation Company Limited and Hotex Holdings Limited made a mandatory offer to acquire remaining 29.3% stake in DigitalHongKong.com (SEHK:8007) from Lawnside International Limited, Investment Arm and others for HKD 70.3 million in cash on September 4, 2014. Liang Tan Yi Xing and Hotex offered to acquire remaining 43.95 million shares of DigitalHongKong.com for HKD 1.6 per share. The offer will be financed by the internal resources of Liang Tan Yi Xing and Hotex. Liang Tan Yi Xing and Hotex may nominate additional Directors to the Board of DigitalHongKong.com. All current Directors of DigitalHongKong.com have tendered their resignation to the Board. The offer is open for acceptance from September 25, 2014 and will close on October 16, 2014.

DigitalHongKong.com has established the Independent Board Committee to advise its shareholders. The Independent Board Committee recommended the shareholders to accept the offer. Liang Tan Yi Xing and Hotex intends to maintain the listing of the shares of DigitalHongKong.com on GEM after the close of the offer and will undertake to the Stock Exchange to take appropriate steps as soon as possible following the close of the offer to ensure that a sufficient public float exists for shares of DigitalHongKong.com. Bridge Partners Capital Limited acted as financial advisor for Hotex and Liang Tan Yi Xing. H. W. Tang and Kevin So of Ample Capital Limited and Doris Sy of Donvex Capital Limited acted as financial advisor for the Independent Board Committee of DigitalHongKong.com. Tricor Secretaries Limited acted as registrar to DigitalHongKong.com.

Liang Tan Yi Xing International Foundation DigitalHongKong.com Limited and Hotex Holdings Limited completed the acquisition of an additional 3.93% stake in DigitalHongKong.com (SEHK:8007) from Lawnside International Limited, Investment Arm and others for HKD 9.4 million on October 16, 2014. A total of 5.9 million shares were tendered in the offer. The offerors now own a total of 111.94 million shares representing approximately 74.63% the issued share capital of DigitalHongKong.com.

With effect immediately after the close of the offer on October 16, 2014, Paul Kan Man Lok and Shirley Ha Suk Ling resigned as executive Directors, Leo Kan Kin Leung and Lai Yat Kwong resigned as non-executive Directors, Shao Xiang Ming, Alec Ho Yat Wan and Kong Siu Chee resigned as independent non-executive Directors, Paul Kan Man Lok ceased to be the Chairman of the Board and a member of the nomination committee of the DigitalHongKong.com, Shirley Ha Suk Ling ceased to be the Chief Executive Officer of the DigitalHongKong.com, Leo Kan Kin Leung ceased to be a member of the audit committee and the human resources and remuneration committee of the DigitalHongKong.com, Lai Yat Kwong ceased to be a member of the audit committee and the human resources and remuneration committee of the DigitalHongKong.com, Shao Xiang Ming ceased to be a member of the audit committee, the human resources and remuneration committee and the nomination committee of the DigitalHongKong.com, Alec Ho Yat Wan ceased to be the chairman and a member of the audit committee, the human resources and remuneration committee and the nomination committee of the DigitalHongKong.com and Kong Siu Chee ceased to be a member of the audit committee and the human resources and remuneration committee of the DigitalHongKong.com.

Wei Yue Tong has been appointed as an executive Director, the chairman of the Board and the chairman of the nomination committee of the DigitalHongKong.com, Weng Lin Lei has been appointed as an executive Director, Zheng Zhu Pinghas been appointed as an non-executive Director and a member of the audit committee, the human resources and emuneration committee and the nomination committee of the DigitalHongKong.com, Chiu Wai Piu has been appointed as an independent non-executive Director, chairman of the human resources and remuneration committee of the DigitalHongKong.com and a member of the audit committee and the nomination committee of the DigitalHongKong.com, Leung Oh Man, Martin has been appointed as an independent non-executive Director, chairman of the audit committee of the DigitalHongKong.com and a member of the human resources and remuneration committee and the nomination committee of the DigitalHongKong.com and Kwan Sin Yee has been appointed as an independent non-executive Director and a member of the audit committee, the human resources and remuneration committee and the nomination committee of the DigitalHongKong.com.